According to Mars Finance, the U.S. GDP has contracted for the first time in three years, and the core PCE inflation rate remained flat, decreasing year-on-year from 3.0% to 2.6%, alleviating inflation concerns. BRN analyst Valentin Fournier stated that inflation is approaching the Federal Reserve's 2% target, increasing market expectations for interest rate cuts, which may benefit alternative assets like Bitcoin rather than the stock market. Bitcoin has risen over 13% since 'Liberation Day', reaching $97,000, with a net inflow of $442 million into spot ETFs on May 1. Douro Labs CEO Mike Cahill mentioned that if the employment data on May 2 is weak, Bitcoin prices may rise again due to expectations of interest rate cuts. (The Block)

#BTC #ETF